Magister Legum - LLM (Public Law and Jurisprudence) / Zimbabwe is a Southern African country which has witnessed frequent bank collapses in the last
two decades. This has eroded consumer and business confidence in the banking sector due to
the irreparable financial prejudice suffered by most sectoral consumers. The side effect of this
lack of trust in the sector has been the hoarding and preference of cash in most, if not all
transactions, as opposed to the use of plastic money. Between April 2015 and March 2016, it is
estimated that between US$3 billion and US$7.4 billion was circulating outside the banking
system in the informal sector thus exposing the depth of mistrust crippling the banking sector.
Together with other factors beyond the scope of this study, it is submitted that this lack of trust
and confidence in the sector has contributed to the current cash shortage which, according to
Latham and Cohen, has left .a black hole in the financial system that's crushing the rest of the
economy'.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uwc/oai:etd.uwc.ac.za:11394/6268 |
| Date | January 2018 |
| Creators | Kaseke, Melissa Chinyangarara |
| Contributors | Lawack, Vivienne |
| Publisher | University of the Western Cape |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Rights | University of the Western Cape |
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